Best Forex Demo Accounts

Compare Forex demo accounts up to $5,000,000 with no time limit. Practice before you pay.

Best brokers

1. AvaTrade Best Mobile Trading Platform 2021
2. LiteFinance Best Forex Broker Africa, 2011
3. FxPro Best MetaTrader Broker, 2020
4. Currency.com Best Crypto Exchange, 2019 - Blockchain Life Awards
5. HotForex Best CFD Trading Conditions, 2021

Broker reviews

#1

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AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

• Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Copy trading
• Regulators: Australia, BVI, Cyprus, Gibraltar, Israel, Japan, South Africa, UAE
• Incorporated: 2006

• Accounts

AvaTrade Account [BVI]  ▷ AvaTrade Account [BVI]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

AvaTrade Account [EU]  ▷ AvaTrade Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities.
$100 deposit	1:30 leverage	Instant execution	▷

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Islamic Account [BVI]  ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This...more ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

Islamic Account [EU]  ▷ Islamic Account [EU]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.
$100 deposit	1:30 leverage	Instant execution	▷

Professional Account [EU]  ▷ Professional Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. Access high leverage up to 1:400 with this account for professional traders.
$100 deposit	1:400 leverage	Instant execution	▷

#2

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LiteFinance (LiteFinance.com), formerly LiteForex, is an ECN broker headquartered in Russia. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:500. LiteFinance accepts all EAs and trading styles, including scalping and news trading.

• Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
• Regulators: Cyprus, Saint Vincent and the Grenadines
• Incorporated: 2005

• Accounts

Classic Account  ▷ Classic Account: Trade Forex on floating spreads from 2 pips on MT4 or MT5. Get started from a low $50 deposit. Market execution with no requotes.
$50 deposit	1:500 leverage	Market execution	▷

ECN Account  ▷ ECN Account: Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $50 deposit. Get market execution with no requotes. LiteForex pays 2.5% interest per annum on the balance of your account.
$50 deposit	1:500 leverage	Market execution	▷

#3

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FxPro (FxPro.com) is a global broker, winner of 60+ awards including "Best MetaTrader Broker" in 2020 and "Best FX Provider" three times in a row. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all Expert Advisors and even provides an EA back-testing service.

• Risk warning: 79.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
• Regulators: Bahamas, Cyprus, South Africa, UK
• Incorporated: 2006

• Accounts

MT4 Floating - Instant Execution  ▷ MT4 Floating - Instant Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All EAs are allowed.
$500 deposit	1:200 leverage	Instant execution	▷

MT4 Floating - Market Execution  ▷ MT4 Floating - Market Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and market execution. All EAs are allowed.
$500 deposit	1:200 leverage	Market execution	▷

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MT5 Floating - Market Execution  ▷ MT5 Floating - Market Execution: Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All EAs are allowed.
$500 deposit	1:200 leverage	Market execution	▷

FxPro cTrader  ▷ FxPro cTrader: Trade 70+ currency pairs, spot indices, energies and metals on razor-thin spreads with market execution. Run cAlgo algorithmic trading robots.
$500 deposit	1:200 leverage	Market execution	▷

#4

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Currency.com is one of the first regulated crypto exchanges for tokenised assets. Trade over 1,500 assets as digital tokens, across a wide range of tokenised asset classes with leverage up to 1:500.

• Risk warning: Tokenised assets are not legal tender and are not backed by the state. The acquisition of tokenised assets may lead to the complete loss of your funds.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Regulators: Gibraltar, Saint Vincent and the Grenadines, USA
• Incorporated: NA

• Accounts

Standard Account  ▷ Standard Account: Trade cryptocurrencies and over 1,500 tokenised assets from a single crypto-platform, with leverage up to 1:500. These including tokenised stocks, tokenised indices and tokenised commodities.
$20 deposit	1:500 leverage	Market execution	▷

#5

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HotForex (HotForex.com) is an award-winning Forex and CFD broker, with accounts tailored to new and experienced traders. Trade a wide range of markets including Forex, stocks, indices and commodities through MetaTrader 4 or 5.

• Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Currenex, Copy trading, Mirror trading
• Regulators: Cyprus, Mauritius, Saint Vincent and the Grenadines, Seychelles, South Africa
• Incorporated: 2010

• Accounts

Micro Account  ▷ Micro Account: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This account, designed for new traders, has smaller trading sizes and a lower initial deposit.
$5 deposit	1:1000 leverage	Market execution	▷

Premium Account  ▷ Premium Account: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.
$100 deposit	1:500 leverage	Market execution	▷

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Islamic Account  ▷ Islamic Account: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This account, designed for Muslim clients, does not incur swap or rollover charges for holding positions overnight....more ▷ Islamic Account: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This account, designed for Muslim clients, does not incur swap or rollover charges for holding positions overnight. Terms and conditions apply.
$100 deposit	1:500 leverage	Market execution	▷

#6

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LQDFX (LQDFX.com) is an international Forex broker and CFD provider headquartered in the Marshall Islands. It delivers STP execution on MT4 across 71 currency pairs, indices and commodities.

• Markets: Forex (CFD), Indices (CFD), Metals (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, Mirror trading
• Regulators: Marshall Islands
• Incorporated: 2015

• Accounts

Micro Account  ▷ Micro Account: Trade up to 71 currency pairs as well as CFDs on metals, commodities and indices through MT4 from a low $20 deposit. STP trading with no requotes.
$20 deposit	1:500 leverage	Market execution	▷

Gold Account  ▷ Gold Account: Trade up to 71 currency pairs as well as CFDs on metals, commodities and indices through MT4. STP trading with no requotes.
$500 deposit	1:300 leverage	Market execution	▷

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Gold Account [Islamic]  ▷ Gold Account [Islamic]: Trade up to 71 currency pairs as well as CFDs on metals, commodities and indices through MT4. STP trading with no requotes. Swap-free account only available to clients of Muslim faith.
$20 deposit	1:300 leverage	Market execution	▷

ECN Account  ▷ ECN Account: Trade up to 71 currency pairs as well as CFDs on metals, commodities and indices through MT4. Get depth-of-market information with this ECN account.
$500 deposit	1:300 leverage	Market execution	▷

VIP Account  ▷ VIP Account: Trade up to 71 currency pairs as well as CFDs on metals, commodities and indices on even tighter spreads. This account has no restrictions on the maximum trade size.
$25000 deposit	1:100 leverage	Market execution	▷

#7

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Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. Access CFDs on currency pairs, indices, precious metals and commodities on MetaTrader 4, MetaTrader 5 or cTrader.

• Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Copy trading
• Regulators: Cyprus, Saint Vincent and the Grenadines
• Incorporated: NA

• Accounts

MT4 Account  ▷ MT4 Account: Trade Forex, crypto-currencies, indices and precious metals on fixed or floating spreads. This account, designed for novice traders, supports MetaTrader 4.
$100 deposit	1:500 leverage	Market execution	▷

MT5 Account  ▷ MT5 Account: Trade Forex, crypto-currencies, indices, precious metals and energies on tight floating spreads. This account, designed for experienced traders, supports MetaTrader 5.
$100 deposit	1:500 leverage	Market execution	▷

#8

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Trade CFDs without commission on Forex, shares, indices, commodities and ETFs with Plus500.com. Plus500 is listed on the London Stock Exchange and is regulated across several jurisdictions.

• Risk warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Regulators: Australia, Cyprus, Estonia, Seychelles, Singapore, UK
• Incorporated: 2008

• Accounts

Plus500 Account  ▷ Plus500 Account: Trade 50+ currency pairs as well as CFDs on shares, indices and commodities on floating spreads. CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure that you fully understand...more ▷ Plus500 Account: Trade 50+ currency pairs as well as CFDs on shares, indices and commodities on floating spreads. CFDs are a leveraged product and can result in the loss of your entire capital. Please ensure that you fully understand the risks involved.
$100 deposit	1:30 (CySEC & ASIC), 1:300 (FSA) leverage ?	Instant execution	▷

#9

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NordFX (NordFX.com) is an international Forex broker serving traders worldwide from its headquarters in Mauritius.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, Copy trading
• Regulators: Vanuatu
• Incorporated: NA

• Accounts

Fix Account  ▷ Fix Account: Trade 28 currency pairs and CFDs on crytpo-currencies, metals and indices on fixed spreads. Get instant execution. Automated trading is allowed.
$10 deposit	1:1000 leverage	Instant execution	▷

Pro Account  ▷ Pro Account: Trade 33 currency pairs as well as CFDs on crypto-currencies, metals and indices on floating spreads. Get market execution with 5-decimal pricing. Automatic trading is allowed.
$250 deposit	1:1000 leverage	Market execution	▷

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Zero Account  ▷ Zero Account: Trade 33 currency pairs as well as CFDs on crypto-currencies, metals and indices from 0 pips. Get market execution with 5-decimal pricing. Automatic trading is allowed.
$500 deposit	1:1000 leverage	Market execution	▷

Stocks Account  ▷ Stocks Account: Trade CFDs on 68 international stocks, from Apple to UBER, with market execution.
$ deposit	1:5 leverage	Market execution	▷

#10

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Trade Forex as well as CFDs on cryptocurrencies, stocks, indices and commodities with an STP/ECN broker. EagleFX (EagleFX.com) allows all trading styles and Expert Advisors on MetaTrader 4.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4
• Regulators: Dominica
• Incorporated: NA

• Accounts

Instant Execution Account  ▷ Instant Execution Account: Trade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with instant execution. EagleFX supports all trading styles, including hedging and scalping on MT4.
$10 deposit	1:500 leverage	Instant execution	▷

A Forex demo account allows you to trade Forex in real market conditions without putting your capital at risk.

Is a practice account right for you?

A demo account can work for beginners and more experienced traders alike, albeit for different reasons:

• If you're new to currency trading, a demo account is an opportunity to learn Forex trading at your pace without committing yourself financially or emotionally.
• Practice a new trading strategy until you've got the confidence to go live. Some trading strategies such as scalping require speed, stamina and self discipline. You'll want to choose a demo with 5 decimal pricing, depth of market information and fine tune your strategy until you're ready to go.
• Last but not least, a practice account is a chance to test-drive a trading platform's charting features before opening a live account.

How to choose a Forex demo account

If you're thinking about opening a demo account, ask your broker the following questions:

• How big is the account? The larger the account, the longer you can trade and the greater the positions you can open all else being equal. If possible, choose a large demo account to avoid being interrupted in the middle of a trade.
• How long does the account last? It's a good idea to choose a practice account with no time limit to avoid being rushed into trading if don't feel ready.
• Are all platform features available? It's important to remember that some demo trading platforms have some features disabled. Prices could be delayed or order types limited. If in doubt, ask your account manager for confirmation.

FxPro.com allows you to preview its platform online with a demo account identical in all ways to the live account. Get access to real time quotes, advanced charting and analysis tools in a risk-free environment. It also comes with $1,000 of virtual money.

Featured brokers

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